{"id":1427,"date":"2019-01-08T10:53:38","date_gmt":"2019-01-08T09:53:38","guid":{"rendered":"https:\/\/inscx.com\/trading\/?p=1427"},"modified":"2019-01-08T10:53:38","modified_gmt":"2019-01-08T09:53:38","slug":"general-market-comment-07-01-19","status":"publish","type":"post","link":"https:\/\/inscx.com\/trading\/2019\/01\/08\/general-market-comment-07-01-19\/","title":{"rendered":"General Market Comment 07.01.19"},"content":{"rendered":"<p><strong>General Market Comment<\/strong><\/p>\n<p>US indices closed higher on Monday, led by shares in the Retailing (+2.76%), Automobiles &amp; Components (+2.5%) and Consumer Durables &amp; Apparel (+2.05%) sectors. On the economic data front, the ISM non-manufacturing index declined to 57.6 in December (estimated 58.5) vs. 60.7 in November. The S&amp;P 500 (2,549.69) breaks above its 20d moving average (2,531.60 &#8211; negative slope) but remains below 50d moving average (2,641.24 &#8211; negative slope).<\/p>\n<p>European markets are expected to start on a positive note.<\/p>\n<p><strong><span style=\"color: #444444;\">Foreign Exchange<\/span><\/strong><\/p>\n<p>The US dollar was bearish against most of its major pairs on Monday with the exception of the JPY. On the economic data front, the ISM non-manufacturing index declined to 57.6 in December (estimated 58.5) vs. 60.7 in November.<\/p>\n<p>The Euro was bullish against most of its major pairs except for the CHF. The euro zone retail sales increased by 0.6% in November (+0.2% expected), at the same pace than in October. The German retail sales were up by 1.4% in November (+0.4% anticipated) after a 0.1% increase a month earlier (revised from -0.3%). Separately, the German factory orders decreased by 1% in November (-0.1% expected) after a 0.2% increase the month before. In other news, the German PMI construction index was up in December to 53.3 from 51.3 in November. The UK new car registrations fell 5.5% in December after sliding by 3% a month earlier.<\/p>\n<p>The Australian dollar was higher against most of its major pairs except for the CAD, the CHF and the EUR.<\/p>\n<p><strong><span style=\"color: #444444;\">Commodities<\/span><\/strong><\/p>\n<p>After the close of Wall Street, WTI Crude Future (FEB 19) was up $0.7 to $48.67. The contract was above its 20D MA (@ $48.12) and below its 50D MA (@ $54.1).<\/p>\n<p>Gold was up $3.6 to $1288.7. The precious metal was above its 20D MA (@ $1265) and above its 50D MA (@ $1241).<\/p>\n<p>Copper Future (MAR 19) on Comex was down 1.3c to 263.5c\/lb. The contract was below its 20D MA (@ 269.33c) and below its 50D MA (@ 273.37c). In Europe, the London Metal Exchange reported its copper inventories decreased 50 tons to 132350 tons.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>General Market Comment US indices closed higher on Monday, led by shares in the Retailing (+2.76%), Automobiles &amp; Components (+2.5%) and Consumer Durables &amp; Apparel (+2.05%) sectors. On the economic data front, the ISM non-manufacturing index declined to 57.6 in December (estimated 58.5) vs. 60.7 in November. The S&amp;P 500 (2,549.69) breaks above its 20d &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/inscx.com\/trading\/2019\/01\/08\/general-market-comment-07-01-19\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;General Market Comment 07.01.19&#8221;<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1427","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>General Market Comment 07.01.19 - INSCX Live Trading Platform<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/inscx.com\/trading\/2019\/01\/08\/general-market-comment-07-01-19\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"General Market Comment 07.01.19 - INSCX Live Trading Platform\" \/>\n<meta property=\"og:description\" content=\"General Market Comment US indices closed higher on Monday, led by shares in the Retailing (+2.76%), Automobiles &amp; Components (+2.5%) and Consumer Durables &amp; Apparel (+2.05%) sectors. On the economic data front, the ISM non-manufacturing index declined to 57.6 in December (estimated 58.5) vs. 60.7 in November. 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On the economic data front, the ISM non-manufacturing index declined to 57.6 in December (estimated 58.5) vs. 60.7 in November. 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